How the IAASB's Proposed Quality Management Standards Are Scalable for SMPs
The IAASB recently released a suite of proposed international standards on quality management. The proposals change the way professional accountancy firms are expected to manage quality—for audits, reviews, and other assurance and related services engagements.
This video explains how the IAASB’s proposed quality management standards are scalable for small- and medium-sized practices.
Exposure Draft, International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
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Translated by: Chartered Professional Accountants Canada
Discussion Paper, Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards
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Translated by: Chartered Professional Accountants of Canada
The IAASB recently published a professional skepticism communiqué, part of a series highlighting the IAASB’s efforts to appropriately reflect professional skepticism in its standards, together with other relevant news and information.
The IAASB recently released a suite of proposed international standards on quality management. The proposals change the way professional accountancy firms are expected to manage quality—for audits, reviews, and other assurance and related services engagements.
This short video introduces the IAASB’s three quality management standards and explains why the proposals are important to firms and other stakeholders.
Julie Corden was a member of the International Auditing and Assurance Standards Board from 2019 to 2024, nominated by the Transnational Auditors Committee. She has since continue to lead the IAASB's Fraud Task Force through its work to finalize revisions to ISA 240.
Ms. Corden has more than 23 years of experience, both in public practice and industry in Canada. She is currently a Partner in Deloitte Canada's National Office, where she is responsible for leading audit methodology, policies and guidance, including the firm's ISQM 1 implementation. She consults with and advises audit engagement teams on the application of the firm's audit methodology and the applicable professional standards. She is also a member of DTTL's global Audit Technical Advisory Board.
Ms. Corden was a member of the Canadian Auditing and Assurance Standards Board (AASB), and is a current and past member of various task forces and committees to assist the AASB and CPA Canada with standard-setting activities.
Ms. Corden is a Chartered Professional Accountant, a Chartered Accountant, and a member of CPA Canada and the Chartered Professional Accountants of Ontario. She studied Accounting and Economics at Wilfrid Laurier University (Canada).
